MicroStrategy Makes Its Largest Bitcoin Purchase of 2025
MicroStrategy, now rebranded as Strategy, has once again made headlines with its largest Bitcoin purchase of the year—acquiring 20,356 BTC for nearly $2 billion. This latest acquisition underscores the company’s continued aggressive Bitcoin strategy despite market fluctuations and declining stock performance.
Michael Saylor’s Bitcoin Vision Continues
Michael Saylor, Executive Chairman and Co-Founder of Strategy, announced the purchase, revealing that the company bought Bitcoin at an average price of $97,514 per BTC and has achieved BTC Yield of 6.9% YTD 2025. With this acquisition, Strategy now holds 499,096 BTC, purchased at an average price of $66,357 per Bitcoin, bringing its total investment to approximately $33.1 billion.
“Our $1 billion Bitcoin treasury is the fuel that will power our initiative with Tether, enabling seamless, AI-driven crypto payments for retailers and consumers worldwide,” said Saylor.
Strategy has acquired 20,356 BTC for ~$1.99B at ~$97,514 per bitcoin and has achieved BTC Yield of 6.9% YTD 2025. As of 2/23/2025, we hodl 499,096 $BTC acquired for ~$33.1 billion at ~$66,357 per bitcoin. $MSTR https://t.co/mNWDaXRE7N
— Michael Saylor⚡️ (@saylor) February 24, 2025
Funding Bitcoin Acquisitions Through Stock Sales
Strategy has been financing its Bitcoin acquisitions primarily through multibillion-dollar stock sales, a move that has raised concerns among investors. The company recently completed a $2 billion stock offering, with another optional $300 million offering on the table. While this strategy has allowed the firm to continue its aggressive Bitcoin accumulation, it has also contributed to stock price volatility and investor uncertainty.
Stock Performance and Market Concerns
Despite its unwavering commitment to Bitcoin, Strategy’s stock (MSTR) has struggled. The correlation between Bitcoin’s price movements and MSTR’s performance is evident, and with Bitcoin’s price chopping around the $95k to $105k the past three months the company’s stock has dropped off dramatically from its peaks. Some analysts say this is normal due to Strategy being a leveraged Bitcoin play.
The frequent stock offerings could be eroding shareholder confidence, especially as Strategy moves deeper into Bitcoin. However, Bitcoin’s supply on exchanges has plummeted to 2.5 million, suggesting a potential supply shock that could benefit long-term holders like Strategy.
A Bitcoin-Centric Corporate Strategy
In an unprecedented move, Strategy is transitioning from a software company into a full-fledged Bitcoin treasury entity. The company’s rebrand reflects this shift, emphasizing its unique position as a major corporate Bitcoin holder. This strategy has drawn both praise and scepticism, as some investors worry about the risks of overexposure to Bitcoin’s volatility.
Michael Saylor remains unfazed, believing that Bitcoin will continue to appreciate over time. At the 2025 Conservative Political Action Conference, he urged the U.S. government to acquire 20% of the Bitcoin supply as part of a national strategic reserve.
“There’s only room for one nation-state to buy up 20% of the network, and obviously, I think it should be the United States,” said Saylor. “It’s a way for us to emerge as a creditor nation in a matter of a decade.”
Future Implications for Strategy and Bitcoin
While Strategy’s approach remains controversial, it has undeniably positioned itself as the largest corporate Bitcoin holder in the world. With Bitcoin’s circulating supply dwindling and regulatory clarity improving, the firm’s long-term vision may eventually pay off. However, in the short term, market conditions and investor sentiment will play a crucial role in determining the impact of these continued Bitcoin acquisitions on MSTR’s stock performance.
Key Takeaways:
Strategy purchased 20,356 BTC for $1.99 billion, its largest buy of 2025.
Total Bitcoin holdings: 499,096 BTC ($33.1 billion at an average of $66,357 per BTC).
Funded through a $2 billion stock offering, raising investor concerns.
MSTR stock has underperformed despite Bitcoin accumulation.
Michael Saylor continues to advocate for large-scale Bitcoin adoption, urging the U.S. to buy 20% of Bitcoin’s supply.
As the bitcoin market evolves, Strategy’s bold approach will either solidify its status as a pioneering Bitcoin entity or serve as a cautionary tale of overexposure to digital assets. Time will tell whether this relentless accumulation strategy will yield the massive returns that Saylor envisions.